More Corporate Expansion Coming to Eagan
Eagan-based photo lab White House Custom Colour has taken a big step toward an expansion of its corporate campus by purchasing almost 11 acres as the site of two new buildings.
White House purchased vacant land at 2920 and 2930 Loan Oak Drive in Eagan for $2.995 million, made public this week. The seller was CSM Corp., a Minneapolis-based development company. The parcels are adjacent to the company’s headquarters and primary production building at 2840 Lone Oak Parkway, and are in the southeast quadrant of the Interstate 494 and Dodd Road interchange.
The purchase price works out to about $280,000 per acre. The sale closed on April 21. Dakota County values the property at $1.37 million.
The city approved White House’s expansion plan in early February. White House, which moved to the in Eagan from South St. Paul in 2007, will build a corporate office and a warehouse and production facility. The company currently operates out of about 99,000 square feet in its present building. It also leases additional Twin Cities production space.
“We are consolidating and expanding what we are currently doing in leased space in the metro area and from our now closed Dallas facility,” the company said in a statement to Finance & Commerce.
The project is the latest in an area that is already seeing significant corporate headquarters development. The Minnesota Vikings are a 240,000-square-foot headquarters building and a 100,000-square-foot practice facility at Dodd Road and Lone Oak Parkway. Nearby, at 2900 Ames Crossing Road, Prime Therapeutics plans to build a 409,000-square-foot office building and headquarters.
A three-story, 50,000-square-foot White House office building will rise at the southeast corner of Lone Oak Drive and Lone Oak Parkway. The facility will house the company’s growing administrative, customer service, software engineering and marketing staff, according to White House.
Next door, the company will build 85,200 square feet of warehouse and production space. The overall campus will sprawl across 17.85 acres and will grow to about 235,000 square feet of office, warehouse and production space.
The company has not set a construction schedule, said a White House spokesperson Friday. The company declined to comment on the cost of the expansion.
White House has not yet applied for building permits with the city, said Jill Hutmacher, Eagan’s community development director.
White House identifies itself as a “green” company. It installed 17,000 square feet of solar panels atop its current facility that generate 203 kilowatts of electricity. That is enough to power 25 homes. The company is “exploring options for integrating more solar into our operations” with the coming expansion, the company stated.
White House will add about 200 employees to its local workforce through the expansion and the “relocation and consolidation of operations from other facilities,” city documents show. The company’s current Eagan workforce numbers about 400 during its peak production season, according to its .
When White House moved to Eagan, it built a 47,000-square-foot facility, which it later expanded to its current size.
White House got its start in 1978 as a photo finisher that catered primarily to Twin Cites wedding photographers, according to its website. It has since expanded into printing photo books and greeting cards, and sells related products including backgrounds for photo shoots and framed prints.
Article orginally published in Finance & Commerce 4/28/17 - http://finance-commerce.com/2017/04/more-corporate-expansion-coming-to-eagan/